Tag: Geely

Volvo Group Venture Capital invests in EV charging software company

GÖTEBORG, Sweden, March 16, 2021 /PRNewswire/ — Volvo Group Venture Capital AB has invested in Driivz Ltd., a leading global EV charging software company which has developed a platform for managing large charging networks for electric vehicles from end-to-end. The Driivz platform functions as an operating system for electric vehicle (EV) charging networks and is used… Continue reading Volvo Group Venture Capital invests in EV charging software company

@Geely: Under the Bonnet: eCity Technology

DRIVEN BY SUCCESS Since 2017 our TX electric taxi with eCity technology has helped transform cities around the world, reducing CO2 emissions while delivering true commercial value for its operators. Now, we are harnessing the driving force behind that success for the Commercial Vehicle sector. 304 MILES TOTAL RANGE – OVER 60 MILES PURE ELECTRIC… Continue reading @Geely: Under the Bonnet: eCity Technology

Toyota warns rivals’ gasoline engine phase-out goals must overcome huge challenges

By David Shepardson 2 Min Read FILE PHOTO: The logo of Toyota carmaker is seen on a car in Nice, France, April 8, 2019. REUTERS/Eric Gaillard WASHINGTON (Reuters) – A senior Toyota executive will express skepticism before U.S. senators Tuesday about aspirations by rival automakers to phase out gasoline-powered vehicles, saying those goals must overcome… Continue reading Toyota warns rivals’ gasoline engine phase-out goals must overcome huge challenges

@Geely: Kandi Technologies Exits Geely Affiliation

Jinhua, China, March 15, 2021 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (NASDAQ GS: KNDI) (the “Company” or “Kandi”) announced today that it exited its position in Fengsheng Automotive Technologies Group Co., Ltd (the “Affiliate Company” or “Fengsheng”).To formalize the exit, Kandi’s wholly owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) completed an Equity… Continue reading @Geely: Kandi Technologies Exits Geely Affiliation

@Daimler: 01. Mar 2021Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric March 01, 2021 – Daimler […]

March 01, 2021 – Daimler Truck AG and the Volvo Group today completed the transaction to form the previously announced fuel-cell joint venture. The Volvo Group has acquired 50 percent of the partnership interests in the existing Daimler Truck Fuel Cell GmbH & Co. KG for approximately EUR 0.6 billion on a cash and debt-free… Continue reading @Daimler: 01. Mar 2021Daimler Truck AG and the Volvo Group complete creation of fuel-cell joint venture: cellcentric March 01, 2021 – Daimler […]

Auto industry urges emissions deal weaker than Obama’s

Washington – A coalition of automakers has told the Biden administration it would agree to raise mileage standards to reduce tailpipe emissions but with tradeoffs and at rates lower than those brokered by California with five other car manufacturers. If agreed to, the proposal could give President Joe Biden a quick win by securing cuts… Continue reading Auto industry urges emissions deal weaker than Obama’s

Luminar, Volvo subsidiary partner to sell automated driving systems to automakers

Luminar Technologies has deepened ties with Volvo Cars to develop and eventually sell an automated driving system for highways to other automakers. The partnership, announced Thursday, is between Luminar and Volvo’s self-driving software subsidiary Zenseact. The two companies are combining their tech to create what Luminar founder and CEO Austin Russell described as a “holistic… Continue reading Luminar, Volvo subsidiary partner to sell automated driving systems to automakers

Bill Ford: ‘Our Family Name Is on the Line Every Day’ – The New York Times

With the coronavirus rapidly disrupting American life in mid-March and organized labor pressuring carmakers to ensure worker safety, Bill Ford reached out to the competition. Mr. Ford, the chairman of the Ford Motor Company, brokered a conference call with the leaders of General Motors, Fiat Chrysler, the United Auto Workers and key Michigan politicians. The… Continue reading Bill Ford: ‘Our Family Name Is on the Line Every Day’ – The New York Times

Geely taps Foxconn’s playbook to build EVs for other carmakers

BEIJING — Geely, China’s largest private-sector automaker, has taken the first step toward becoming the Foxconn of electric vehicles. Geely and Foxconn, the Taiwanese Apple assembler, are establishing a 50-50 joint venture that will manufacture whole electric vehicles for clients as well as parts. Just like Foxconn did with iPhones, Geely will pursue an economy… Continue reading Geely taps Foxconn’s playbook to build EVs for other carmakers